Navigation Links
ShangPharma Announces Second Quarter 2012 Results
Date:8/20/2012

SHANGHAI, Aug. 20, 2012 /PRNewswire-Asia/ -- ShangPharma Corporation (NYSE: SHP) ("ShangPharma" or the "Company"), a leading China-based pharmaceutical and biotechnology research and development outsourcing company, today announced its unaudited financial results for the second quarter ended June 30, 2012.

Second Quarter 2012 Highlights

  • Net revenues increased by 15.7% year-over-year to $31.8 million.
  • Net revenues from the Company's top-10 customers increased by 21.3% year-over-year to $20.6 million, representing approximately 64.8% of total net revenues.
  • Net revenues from full-time-equivalent ("FTE")-based services increased by 21.0% year-over-year to $23.9 million.
  • GAAP gross margin was 27.8%, compared with 33.3% in the second quarter of 2011. Non-GAAP gross margin was 29.0%, compared with 34.7% in the second quarter of 2011.
  • GAAP operating margin was 2.4%, compared with 10.3% in the second quarter of 2011. Non-GAAP operating margin was 7.6% compared with 15.2% in the second quarter of 2011.
  • Management Comment"I am pleased to report that during a challenging second quarter, ShangPharma made excellent progress on several key strategic goals, including increasing revenue from biologics and shifting more of our work to FTE-based services," said Michael Xin Hui, founder and Chief Executive Officer of ShangPharma. "It is a testament to the strength of our offering that global leading pharmaceutical and biotech companies continued to expand their relationships with us."

    Mr. Hui continued, "Our previously discussed investments helped us to win additional business, but also placed pressure on our margins this quarter. The increased competition that we saw in more mature service offerings in the second quarter strengthened our confidence in our long-term strategy to invest in capabilities, facilities and staff, allowing
    '/>"/>

    SOURCE ShangPharma Corporation
    Copyright©2012 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

    Related medicine technology :

    1. ShangPharma Corporation Files 2011 Annual Report on Form 20-F
    2. ShangPharma to Report First Quarter 2012 Financial Results on May 17, 2012
    3. ShangPharma Announces First Quarter 2012 Results
    4. ShangPharma Announces Receipt of "Going Private" Proposal at $8.50 to $9.50 Per ADS
    5. ShangPharma Independent Committee Appoints Chairman and Legal Counsel
    6. ShangPharma Independent Committee Appoints Financial Advisor
    7. ShangPharma to Report Second Quarter 2012 Financial Results on August 20, 2012
    8. Precision Optics Corporation Announces $1 Million Order for Microprecision™ Based Endoscopes
    9. Young Innovations, Inc. Announces Record Sales and EPS for the Quarter Ended March 31, 2012
    10. JDRF Announces Research Collaboration with Dexcom, Inc. to Develop "Smart Transmitter" Technology to Accelerate Artificial Pancreas Studies
    11. Misonix Announces New Distribution Agreement For Panama
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:8/22/2014)... MC Medical, a subsidiary of Mitsubishi Corporation (MCM), and Minimally ... medical device company, have formally agreed to an exclusive ... in Japan . It is anticipated that ... in the latter half of 2015. ... in endoscopic surgery market in Japan . ...
    (Date:8/22/2014)... ITHACA, N.Y. , Aug. 22, 2014 /PRNewswire/ ... computed tomography (CT) imaging facility, is using the ... 4D and even 5D imaging to researchers and ... just launched, asks "What would YOU do if ... the possibility to researchers and explorers everywhere, from ...
    (Date:8/22/2014)... FREMONT, Calif. , Aug. 22, 2014  WaferGen ... an underwritten public offering of units of common stock ... for gross proceeds of $20 million, prior to deducting ... the Company.  The shares and warrants are immediately separable ... stock are expected to begin trading on The NASDAQ ...
    Breaking Medicine Technology:MC Medical agrees to be the exclusive distributor of FloShield products in Japan 2Cornell's X-ray Imaging Lab Director Uses Kickstarter Campaign to "Democratize" Advanced 3D Imaging 2WaferGen Bio-Systems Announces Pricing of $20 Million Underwritten Offering and Uplisting to NASDAQ 2WaferGen Bio-Systems Announces Pricing of $20 Million Underwritten Offering and Uplisting to NASDAQ 3WaferGen Bio-Systems Announces Pricing of $20 Million Underwritten Offering and Uplisting to NASDAQ 4
    ... , BOSTON, Nov. 20 The United States ... an earlier District Court ruling yesterday, approving a settlement ... against AstraZeneca Pharmaceuticals ( AZN). , (Logo: http://www.newscom.com/cgi-bin/prnh/20080317/AQM144LOGO ... consumers who purchased the pharmaceutical giant,s prostate cancer drug ...
    ... , LOUISVILLE, Ky., Nov. 20 ... a new initiative in the war on methamphetamine. The ... program that enforces purchase limitations on over-the-counter (OTC) medicines containing ... technology for NPLEx is based on a system that was ...
    Cached Medicine Technology:U.S. Court of Appeals Upholds AstraZeneca AWP Settlement 2U.S. Court of Appeals Upholds AstraZeneca AWP Settlement 3National System Aims To Minimize Diversion of Cold and Allergy Medicine in Methamphetamine Production 2National System Aims To Minimize Diversion of Cold and Allergy Medicine in Methamphetamine Production 3
    (Date:8/22/2014)... August 22, 2014 Menstrual leaks risk ... from Sunrise, Fla., decided that there needed to be ... to use and producible in design variations, the Safety ... by leaks, which avoids embarrassment and promotes peace of ... sanitary pads. , The original design was submitted to ...
    (Date:8/22/2014)... 2014 (HealthDay News) -- People who use reduced-nicotine cigarettes ... levels of nicotine, according to a new study. ... other smokers, the researchers say. The month-long study ... smoked regular cigarettes with nicotine emission levels of 1.2 ... switched to reduced-nicotine cigarettes for the next three weeks. ...
    (Date:8/22/2014)... 22, 2014 (HealthDay News) -- Many children get anxious ... but there are a number of ways that parents ... expert suggests. The first step is to explain ... help protect their health, said Rita John, director of ... University School of Nursing in New York City. ...
    (Date:8/22/2014)... 2014 (HealthDay News) -- College can be a challenging time ... they can do to make the most of their new ... adjust, explore, meet new people and learn to manage the ... wellness and assessment at St. John,s University in New York ... learning takes place in the classroom. College is a time ...
    (Date:8/22/2014)... Ohio (PRWEB) August 22, 2014 A new, ... mood-food connection. The summit is no-cost and open to ... best kept secrets, practical tips and advice on how to ... lose or manage weight. Mindful eating is not a ... and stay motivated instead of an "eat this, don't eat ...
    Breaking Medicine News(10 mins):Health News:Low-Nicotine Cigarettes May Not Lead to More Smoking 2Health News:Simple Steps Make Shots Less Scary for Kids, Nurse Says 2Health News:College Prep 101 2Health News:20 Top Experts Discuss How to Unravel the Food-Mood Connection 2
    ... in Nation,s Capitol to Remember Those Taken by Lou Gehrig,s Disease. ... ... gathered in Washington, D.C., for a candlelight vigil on Sunday, May 10 ... National ALS Advocacy Day and Public Policy Conference to show its solidarity ...
    ... (RED) and Live Nation (NYSE: LYV ) announce the ... in the U.S., which will raise money and awareness for the ultimate goal of eliminating AIDS in ... , Gomez , O.A.R. , ... , The Veronicas and The All-American Rejects ...
    ... 11 ,Optasia Medical Ltd., a maker of ... certification for the successful,registration of our quality ... ISO,13485:2003. The certification audit was performed by ... Intertek auditor examined all elements of the,Company,s ...
    ... (Nasdaq: MSON ), a developer of minimally invasive ... the ablation of tumors and worldwide for other acute health ... months ended March 31, 2009. Michael A. McManus, Jr., ... and Chief Financial Officer, will host a conference call Tuesday, ...
    ... more time in the sunshine could help older people ... diabetes. , Exposure to sunlight stimulates vitamin D in ... have a vitamin D deficiency due to the natural ... the University of Warwick have shown vitamin D deficiency ...
    ... than in rural residents, study shows , , MONDAY, May 11 ... certain common cancers being diagnosed at much later stages of ... residents of Illinois finds that city dwellers are more likely ... later in the disease,s progression than their peers residing in ...
    Cached Medicine News:Health News:Through Light There Is Hope 2Health News:(RED)(TM) and Live Nation Announce (RED)NIGHTS, the Concert Series to Combat AIDS in Africa 2Health News:(RED)(TM) and Live Nation Announce (RED)NIGHTS, the Concert Series to Combat AIDS in Africa 3Health News:(RED)(TM) and Live Nation Announce (RED)NIGHTS, the Concert Series to Combat AIDS in Africa 4Health News:(RED)(TM) and Live Nation Announce (RED)NIGHTS, the Concert Series to Combat AIDS in Africa 5Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 2Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 3Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 4Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 5Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 6Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 7Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 8Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 9Health News:Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009 10Health News:Research says older people need more sun 2Health News:Where You Live May Affect Your Cancer Diagnosis 2
    Digital Ultrasonic Diagnostic Imaging System...
    Quantitative Plasma-based Factor XIII Incorporation Assay Kit...
    Pefakit PiCT LMWH Controls...
    Calcium Chloride 0.020M - 4 ml...
    Medicine Products: